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Straits Times 3,183.00 -20.93 -0.65%
Hang Seng 26,790.24 -334.31 -1.23%
Dow Jones 27,076.82 -142.70 -0.52%
Shanghai Composite 2,978.12 -52.64 -1.74%
Daily Bulletin – 06/01/09
Daily Bulletin | 06 January 2009
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Wall St Lower On Fresh Profit Warnings
The new year optimism fizzled out on Monday as selling pressure came back to Wall St after a fresh round of profit warnings and analyst downgrades greeted traders returning from their holiday. The S&P 500 finished down 0.5% at 927.45 after entering positive territory several times during a choppy session. The Dow was 0.9% weaker at 8,952.89 and the Nasdaq Composite 0.3% lower at 1,628.03.

PSC Corp Invests $2.5m In Health Solutions
PSC Corporation has inked a sale and purchase agreement with Cubicon Holdings to acquire 5.62% equity interest in Health Solutions at $2.5m, turning it into its wholly-owned subsidiary.

MTQ Advances Organic Growth Via Major Foray Into Middle East
MTQ Corporation, has obtained in-principal approval from the Ministry of Industry and Commerce of the Kingdom of Bahrain to provide services to the oil and gas industry in Bahrain and Gulf States. The company expects to invest up to US$20m over the next two to three years.

GP Batteries Buys Out PRC Subsidiary For Rmb12.6m
GP Batteries International has inked an agreement to acquire an additional 15% interest in GP Batteries (China) for Rmb12.6m, turning it into a wholly-owned subsidiary of the company.

Ban Leong Technologies Incorporates Rmb3m Subsidiary In Shanghai
Ban Leong has incorporated a 75%-owned subsidiary in PRC, which will be engaged in the business of distribution of corporate gift cards for Rmb3m.

ARA Asset Acquires Rmb1.6b Landmark Building In Nanjing
ARA Asset Management has, through its private real estate fund, the ARA Asia Dragon Fund, acquired the Nanjing International Finance Center, a newly completed 51-storey Grade A office cum retail building for Rmb1.6b in Nanjing, PRC.

Hanwell Hldgs  0.196 +0.003 +1.55%   
Business: Supply of provisions and household consumer products. [FY18 Turnover] Packaging (66.4%), consumer essentials (33.5%), others (0.1%).

Insight: May-19, 1Q19 revenue slid 6.8% due to lower revenu... Read More
MTQ Corp  0.205 -0.005 -2.38%   
Business: Oilfield eqmt repair, engrg svcs. Design, pdtn & operation of subsea remotely operated vehicles (ROVs).

Insight: May-19, FY19 revenue rose 17% on the back of an im... Read More
Ban Leong Technologies  0.290 -- --   
Business: Co engages in the wholesale and distribution of computer peripherals, accessories, and other multimedia products. [FY18 Turnover] Multimedia (65.2%), IT accessories (32.9%), data storage (1.9%).

Insight: Nov-19, 1H19 revenue decreased 3.1% wad due to dec... Read More

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